Equilibrium In Review: November 2021
Тhis November was rich in events. Winter is coming so we’ve decided to warm our users’ hearts with several bonuses and exciting novelties. Please check out the soundbyte headlines below, and read on for further detail on each. The first three topics are sure to set a festive mood.
- Genshiro has secured a parachain slot!
- Get to know when and where we announced MegaBoost winners!
- Increased Early bird 25% bonus works with Equilibrium
- Fluid xDOT staking is finally live
- You can take a video insight into Equilibrium‘s unique xDOT
- We’ve launched Equilibrium’s USD-pegged EQD stablecoin
- You loved xDOT AMA session with guest stars
- Our 12th Community Call
Our Kusama project Genshiro has won a slot!
We’re happy to announce our epic win in Genshiro crowdloan and provide you with our impressive stats:
- 240M GENS allocation to distribute
- 4,851 contributors
- 47,428 KSM contributed
As Genshiro is undergoing the onboarding to join the Kusama family and getting congrats from the community, we want to thank everyone for taking part in the crowdloan!
Get to know when and where we announced MegaBoost winners!
On November 22th, the last crowdloan day, we incentivised the contributors who staked for our DeFi Parachain on Kusama. Here are the conditions:
- 3000 GENS per 1 KSM to 5 randomly picked participants out of the 20 users who invest the most.
- 10000 GENS per 1 KSM to 10 randomly picked participants from the remaining audience. Read more about MegaBoost here. We announced the winners on our Community Call. We’ll post the winners’ addresses on our Twitter, so stay tuned!
Just a friendly early bird reminder
We have added 5% to your early bird bonus. From now on, our users enjoy an increased 25% early bird bonus on their contributions to Equilibrium crowdloan via xDOT staking till December 23rd! You can get your early bird bonus here.
Our revolutionary fluid xDOT staking is live!
We’ve introduced a completely new and useful mechanic for the Polkadot parachain auctions. Thanks to our new fluid xDOT staking, users are now able to stake their DOT for their favorite Polkadot parachain and get xDOT, which are DOT wrappers on Genshiro, our canary network on Kusama.
You can use xDOT to earn yield on Genshiro or pledge to take out loans. Genshiro is already up and running in a closed beta mode and offers a lot of functionality, like a working lending platform with over $3 million of real liquidity already locked. You can go into much more depth reading our full article right here.
xDOT video explainer
If you’ve ever thought about what our office is like, this is your chance! Take a walk with Lesley and our CEO to get the insight into Equilibrium‘s unique xDOT! Watch this video here and subscribe to our YouTube channel!
Equilibrium Has launched EQD to help you trade, lend, and earn yield on our platform
As a decentralized stablecoin, it represents value in its DeFi ecosystem and enters circulation when users open a collateralized debt position on our platform using a basket of varied crypto. Our hard-working stablecoin can be used for the purposes of Equilibrium, Genshiro, our Kusama-based canary network, and Epsilon, an official Curve implementation running on Substrate. If you want to get to know EQD, read more here.
Our xDOT AMA Session was a Blast!
When we organised the fluid xDOT AMA we were super excited about the star guests. But when we saw some amazing 772 people at our online party we decided to make xDOT AMA even more special.
In this AMA session we covered:
- how to bridge your xDOT liquidity
- ways to trade xDOT in the AMM
- why lock your $DOTs for 2 years
- how to borrow, split liquidity, and earn inside Equilibrium and Genshiro
We fit the best moments of xDOT AMA Session into the short highlights vid that you can watch here.
Our 12th Community Call
We were super excited to invite you to our Community Call with Alex Melikhov, CEO & Founder of Equilibrium and Genshiro and Peter Sergeev, Sr. Project Manager of Equilibrium Tech Team, and a whole bunch of special guests of different ecosystem projects and funds who have a lot to tell you about investments in the Kusama ecosystem, DeFi on Kusama, Interaction between Kusama parachains, and crowdloans on Kusama & Polkadot:
- YY Lai of Signum Capital
- Leslie Tam of GBV Capital
- Charles Y of GBV Capital
- Alejandro Larralde and Grace Gui of DFG
- Tyrone Pan of Bifrost
- Mike Ruzic of Centrifuge
- Hang Yin of Phala Network
- Kenny Li of Manta Network
- Francisco Javier Agosti of Moonbeam
Watch here in case you’ve missed the event.
